Finance News - Page 33

Fees for no advice, conflicts of interest and a controversial TV commercial were tackled during the royal commission's first week of superannuation hearings. Here is a roundup of what happened. Hodge: super trustees "left alone in the dark...

Australia's largest banks experienced some of the biggest hits on the share market last week. Commonwealth Bank, ANZ and NAB all shed around 3% off their market value last week in the  lead up to the banking royal commission's...

The royal commission into banking has begun scrutinising the nation's $2.6 trillion superannuation industry. The accountability of the trustees running super funds and who is keeping an eye on them was one of the main points of contention...

Nine Entertainment's share price slump ranked it among one of the biggest losers on the ASX last week, while real estate website Domain’s shares soared to be among the biggest winners. The contrasting share price swings...

GROW Super has cut fees for new parents for up to six months after the birth of their child, sparking a discussion around the need for further action to address the disparity between the retirement incomes of women...

Shares in 'buy now, pay later' fintech company Afterpay Touch soared 31% last week, following a trading update which showed strong sales and customer growth. Afterpay's update showed sales through the platform hit more than $2.18...

Health insurers will have to explain what consumers are covered for in one page and use a new ranking system, as part of a government plan to make policies easier to understand. Under new federal government...

The benchmark S&P/ASX 200 closed flat last week at 6,271 points despite choppy day trade sparked by ongoing trade tensions between China and the United States. The Trump administration announced further tariffs on $US200 billion worth...

Mining giants BHP Billiton and Rio Tinto experienced major market capitalisation losses last week, while Telstra saw another large rise in its share price. BHP and Rio's market cap fell by more than $2.3 billion and...

The Reserve Bank of Australia (RBA) has left the cash rate on hold again at 1.50%, but an increase in funding costs has led to some lenders raising home loan interest rates anyway. What's the June 2018 RBA Cash...

As one of the newer entrants to the ASX 200, Afterpay saw its share price soar last week. In terms of market capitalisation growth, energy retailers experienced big gains while the major banks continued to see...

Westpac customers have been offered a new bonus rate to boost their savings for purchasing a new home, as the bank this week released research revealing more young Australians were choosing home ownership over holidays. The 'Saving for a Home'...

The Australian Competition & Consumer Commission (ACCC) has called for the health insurance industry to make its products more transparent and consumer-friendly in its annual report into the private health industry. The ACCC released its annual...

Telstra saw the largest drop in share price in the ASX 200 last week, also experiencing a significant drop in market capitalisation. Telstra Corporation's share price fell by 9.7% over the Monday-Friday trading period last week, while its...

ING customers with an Orange Everyday account linked to a Savings Maximiser account can now set up an automatic savings transfer triggered every time a particular occasion or activity of their choice occurs. Announced on its website...

Last week Telstra was the biggest winner on the ASX 200 in terms of market capitalisation growth, but an important investor meeting on Wednesday could impact the future for Australia’s biggest telco's growth.

Mining giants BHP Billiton and Rio Tinto were two of last week's biggest winners on the ASX 200 in terms of market capitalisation growth, gaining more than $3 billion and $1.6 billion respectively. BHP saw a...

The Commonwealth Bank will no longer issue its range of rewards-based American Express (Amex) companion cards from 1 November 2018. The Commonwealth Bank stated on its website applications for its Amex cards would be open until...

Domino’s Pizza's share prices grew again last week, with its share price up over 20% to close at $52.36 on Friday. While the ASX 200 shed a little over 30 points last week to close at...

Just when you thought there couldn't possibly be any more super news, the Productivity Commission has delivered its massive draft report.